TORONTO

Land trusts legally separate land-collectively held in trust-from buildings, which can be rented or owned. Community land trusts promote community ownership and democratic control of land. Parkdale Neighbourhood Land Trust, started in 2010, acquired a 15-unit rooming house in 2019 and recently partnered with VanCity Community Investment Bank to assemble more buildings and land. Toronto Island is an example of a public land trust, where residents own houses on public land, and have limited equity when they sell, with buildings appraised at their cost of replacement rather than market value. This contract was built on the concept of ‘no profit from public land'. Vancouver Land Trust is an example of a hybrid public and community land trust, with nonprofit housing on public land... Toronto Community Housing is home to 110,000 people living in more than 350 high- and low-rise buildings on public land across Toronto. About 93% of Toronto Community Housing buildings are Rent-Geared-to-..